- Education technology company OpenLearning (OLL) has signed a five-year deal with the University of Wollongong
- The university will pay OpenLearning at least $624,250 to utilise its platform to develop and market different courses to its students
- The top 200 university selected OpenLearning as part of its five-year plan of being a lifelong learning partner to its students and alumni
- Company CEO and Managing Director Adam Brimo says he's looking forward to working closely with the University of Wollongong
- OpenLearning's shares closed steady today at 14.5 cents
OpenLearning (OLL) has signed a software-as-a-service (SaaS) agreement with the University of Wollongong (UOW) in New South Wales.
The UOW is one of the top 200 universities in the world according to the QS World University Rankings 2021. It has more than 36,000 students across its campuses in Australia, Malaysia, Hong Kong and Dubai.
The five-year deal is valued at a minimum of $624,250 and will involve UOW utilising OpenLearning's platform to develop and market different courses and to obtain learning design services on a fee-for-service basis.
UOW selected OpenLearning due to it being a leading online education platform. At the end of the first quarter of 2020, OLL had more than 4.6 million enrolments from 2.8 million learners in courses from over 177 education providers.
The selection also aligns with UOW's 2020-2025 strategic plan of being a lifelong learning partner to its students and alumni.
OpenLearning will enable the university to efficiently and cost-effectively expand its offerings through short course and micro-credentials that engage learners.
"Both the university and OpenLearning have a global outlook, a passion for increasing access to quality education, and a focus on designing transformative learning experiences that prepare people for the future of work," OLL CEO and Managing Director Adam Brimo said.
"We look forward to working closely with the University of Wollongong and all of our partners in the years to come."
OpenLearning's shares closed the day steady at 14.5 cents.